Nasfund Contributors Savings and Loan Savings & Loan (NCSL) has decided to prolong the opening of its main branches at Waigani and Lae Top Town to serve members on Saturday mornings. NCSL said providing savings and loan service on Saturday mornings during the last five weeks was well appreciated by the members because many didn’t find time to visit the branch during the week. “I had issues registering for the Mobile USSD service, but one of the officers assisted me, and within two minutes, I was able to transfer funds from my general savings to my Poro account for an…
Author: Maxine KAMUS
Prime Minister James Marape departed this morning for an official visit to New Zealand. The visit aims to strengthen Papua New Guinea’s relations with New Zealand on multiple fronts, including government-to-government and business-to-business partnerships. “We will revisit our strategic partnership in terms of our government-to-government relations as well as our business-to-business relations,” PM Marape stated. Mr. Marape further revealed that his visit would include inspections of seasonal workplaces where Papua New Guineans are employed under work agreements. “We received requests that led to an agreement for Papua New Guineans to work in New Zealand. I will also be making some…
The New Porgera Limited has refuted false claims posted online by ‘The Pacific Guardian’ which was published without any attempt to seek comment. Porgera (Jersey) Limited and Barrick (Niugini) Limited, who each jointly owns Barrick Gold Corporation, in a statement said they rejected the claims published. “Barrick has not sold any part of its interest in the Porgera Mine, whether to Zijin or anyone else and remains the operator of New Porgera Limited (NPL). Any suggestion to the contrary is entirely false. The post misrepresents the Independent Consumer and Competition Commission (ICCC)’s public notice about a proposed transaction. As the…
In addition to the successful 2024 financial results announced by the Nambawan Super Limited (NSL), the superfund also delivered other positive outcomes for its members in 2024. NSL incoming Board Chairman, Mr. Richard Sinamoi said the other positive outcomes includes, • State Share Benefit payments of K55 million paid out to 1,112 Members. • Housing Advance of K115 million paid out to support 5,029 Members either purchase, build or improve their homes. “While 2024 was a challenging year locally, I would like to reiterate that Nambawan Super will continue to deliver on our mandate of protecting our members superannuation savings,…
Prime Minister (PM) James Marape is meeting New Zealand Prime Minister Christopher Luxon on Tuesday (25.03.25) evening in Wellington to discuss trade, investment, agriculture, fisheries, education and security as well as other areas of mutual concern between the two countries. PM Marape is on his first ‘guest of government’ visit to New Zealand, accompanied by his spouse, and delegation including Foreign Minister Justin Tkatchenko; Minister for International Trade and Investment Richard Maru; Minister for Livestock, Sekie Agisa; and Minister for Higher Education, Research, Science and Technology Kinoka Feo. Meeting with Prime Minister Luxon reaffirms the bilateral partnership that has existed…
Following the recent announcement of its Energy Transition Policy, the Papua New Guinea Chamber of Resources and Energy (PNG CORE) provides further details on this initiative, which focuses on promoting sustainable energy practices and addressing climate change. According to PNG CORE, this policy underscores its commitment to facilitating a just and equitable transition towards a more sustainable and resilient energy future for Papua New Guinea (PNG). “Energy Transition is a strategic agenda for PNG CORE. PNG CORE envisions a Papua New Guinea where clean, renewable energy powers sustainable development, enhances energy security, and fosters prosperity for all,” PNG CORE stated.…
Nambawan Super Limited (NSL) today has announced a record-high Net Profit After Tax of K1.1 billion as part of its financial results for the year 2024 and 10.5% interest credit rating for its 235,888 members. This follows the approval of the audited financial statements by the Board of Trustees last week Friday, 21 March 2025. NSL incoming Board Chairman, Mr. Richard Sinamoi stated that NSL recorded a 3.3% growth in Membership to 235,888 Members with a Net Asset Value (NAV) of K11.2 billion and a record NPAT K1.1 billion. Mr. Sinamoi said the Board declared an interest rate of 10.5…
Prime Minister James Marape has expressed his heartfelt gratitude to all Members of Parliament for their dedication and commitment during the last two weeks of Parliament sittings, describing their efforts as “monumental” and “historic.” Mr. Marape praised the bipartisan effort of Members from both the Government and Opposition who endured long hours of debate to pass crucial laws ahead of the 50th Anniversary, aimed at strengthening Papua New Guinea’s governance framework and enhancing social stability. “I wish to thank all Members of Parliament who, whether the public noticed or not, have been sitting through lengthy sessions over the last two…
City Pharmacy Limited (CPL), the largest retail pharmacy chain in Papua New Guinea, has entered a groundbreaking partnership with the United Church Urban Region Office (UCURO), Motu Koita Assembly (MKA), and the National Capital District Provincial Health Authority (NCDPHA) to establish a new City Pharmacy and Bon Café within the Metoreia Health Centre premises. The partnership is formalized through a Memorandum of Understanding (MOU) that outlines the construction of the new pharmacy. The Right Rev. Jacob Kila Harry, Bishop of the United Church Urban Region, expressed his enthusiasm for the partnership, emphasizing that the new facility will significantly benefit the…
The Local Level Government Administration (Amendment) Bill 2024 has been passed in Parliament. Minister for Provincial and Local Level Government Affairs Soroi Eoe who presented the Bill to Parliament stated that the Local Level Government Administration Act, 1997 is the legislation that governs the operations of Local Level Governments in the country. Minister Eoe said there are 331 Local Level Governments (LLGs) and 6, 375 wards operating in the country. “Section 42 to 51 of the Local-Level Administration Act also provides the legal basis for the establishment of the Local-Level Government Special Purpose Authorities (LLG SPAs) and govern their operations…